Moov, Gabon Telecom merger edges closer

4 Feb 2016

The long-anticipated merger between Maroc Telecom-owned subsidiaries Gabon Telecom and Moov Gabon has taken a step closer, GabonACTU.com reports, following the outcome of a meeting between Gabon Telecom director general Abderrahim Koumaa and Pastor Ngoua N’Neme, the minister of digital economy, late last month. The report points out that Mr Koumaa was hired in February 2015, specifically to oversee the merger, which was authorised by the government the previous month.

In November 2013 French media group Vivendi agreed to sell its controlling 53% stake in Gabon Telecom’s parent Maroc Telecom to UAE-based Etisalat, which already owned Gabon Telecom’s cellular market rival Moov Gabon. In May 2014 Etisalat completed the Maroc Telecom takeover, before agreeing to sell its Atlantique Telecom subsidiaries (including Moov Gabon) to Maroc Telecom as part of an operational overhaul.

TeleGeography notes that, with 40.4% (Gabon Telecom) and 14.8% (Moov) of the market, respectively (at 30 September 2015), the combined entity will consolidate the former’s market leadership. Gabon Telecom and Moov currently compete with Airtel Gabon (37.7%) and BinTel-backed Azur (7.1%) in the cellular sector.

Gabon, Gabon Telecom, Maroc Telecom (IAM), Moov Gabon